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The external effects of inner‐city shopping centers: Evidence from the Netherlands.
- Source :
-
Journal of Regional Science . Sep2020, Vol. 60 Issue 4, p583-611. 29p. 11 Charts, 4 Graphs, 2 Maps. - Publication Year :
- 2020
-
Abstract
- Shopping center redevelopment is inevitable to remain attractive for consumers. In this paper, we investigate the external effects of shopping center redevelopment on nearby residential property prices. Using a difference‐in‐difference empirical framework, we find the redevelopment has positive external effects on nearby property prices. We find the price of a property located next to a redeveloped shopping center increases by 1.43% on average just after redevelopment. Our results indicate that these positive external effects wear off rather rapidly across space and over time. This suggests that shopping center redevelopment plays a substantial, but limited, role in combating neighborhood deprivation. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00224146
- Volume :
- 60
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Journal of Regional Science
- Publication Type :
- Academic Journal
- Accession number :
- 146026510
- Full Text :
- https://doi.org/10.1111/jors.12473